Still, with rates so very low, it might be worth pursuing a bad credit home equity loan or a bad credit remortgage, if someone needs cash fast. Rates are probably only going up in the coming months, so the time to act would be now.
Sunday, February 28, 2010
Bad Credit Home Equity Loan, Rates Lower Tuesday
Rates on mortgages and bad credit home equity loans are running lower today, as the market rates on such loans has slipped a few points. Individuals interested in finding a bad credit home equity loan should understand, however, that they must have sufficient home equity and that, with bad credit it is likely that getting a loan might take some time. Lenders will want to ensure that the home value hasn’t slipped too low versus the outstanding balance on whatever mortgage that individual has.
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